News

Mumbai firm to develop township in Greater Noida

Greater Noida: The Mumbaibased Shapoorji Pallonji group has won the tender for developing an integrated township proposed under the Delhi-Mumbai Industrial Corridor (DMIC) project in Greater Noida.

The group had quoted the lowest bid of Rs 426 crore when the financial bids were finalised on Wednesday. Construction on the project is expected to start within the next two months and target for completion is 2018.

The foundation stone for the project was laid by UP chief minister Akhilesh Yadav nearly one and a half years ago.

According to Greater Noida Industrial Development Authority (GNIDA) officials, the price bids were opened on Wednesday after two companies had been shortlisted after qualifying the technical bids. "These technical bids by Shapoorji Pallonji and Larsen & Tubro were evaluated and the price bids were opened," said K K Singh, officer on special duty (OSD) Projects, GNIDA. "The contract will be awarded to Shapoorji Pallonji within a week after which they have to put in place the design of the township. The contract is on design, execution, procurement and commission basis," he said.

The OSD said the company - which is a business conglomerate in India with interests in construction, real estate, textiles, engineering goods, home appliances, shipping, publications, power, and biotechnology - will develop the infrastructure for the township. Roads, drainage, sewer, water supply, power supply, etc will be put in place for the plots.